Market Reports

Philadelphia suburbs housing market

The Fastest-Selling Suburbs in Greater Philadelphia Right Now

By Josh McKnight | The McKnight Team The McKnight Team pulled Bright MLS closed sales for 35 towns across Bucks, Montgomery, and Delaware counties, covering March 5 through September 1, 2026. That is 5,977 closed sales. In 27 of those 35 towns, half of all homes went under contract within seven days of listing. The Philadelphia suburbs housing market is not one market. It is 35 of them, and the gap...

first time home buyer Bucks County

Millennial Homeownership in the Philadelphia Region Nearly Doubled

By Josh McKnight | The McKnight Team Millennial homeowner households in the Philadelphia region grew from roughly 201,000 to 386,000 between 2018 and 2023, an increase of about 92 percent, according to an analysis by RentCafe. The national growth rate over the same stretch was 74 percent. For a first time home buyer Bucks County remains one of the reasons that number looks the way it does. By 2023...

Montgomery County real estate market

Pennsylvania Is 185,000 Homes Short of What It Needs

By Josh McKnight | The McKnight Team Pennsylvania needs 450,000 new housing units by 2035 and is on pace to fall roughly 185,000 short. The state median home sale price has reached $340,000, a 6.2 percent jump from a year ago, and more than 1 million households now spend over 30 percent of income on housing. The Montgomery County real estate market is where that shortage becomes visible locally....